Is commission agent in grain market (aadati) needs tax audit


accounts and taxation practice

IS THE  COMMISSION AGENT IN GRAINS (AADATI) IS LIABLE TO TAX AUDIT ON BASIS OF TURNOVER . BECAUSE ITS MAIN INCOME IS COMMISSION RECEIVED ON SALE PURCHASE OF GRAINS . 

 
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Practice

if turnover exceeds or commission Income exceeds Rs 1 crore
 
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accounts and taxation practice

commission not crossing 1 CR then?

 

 
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Not required audit
 
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